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English definition of “consumption”

consumption

noun [U]
 
 
/kənˈsʌmpʃən/ ECONOMICS
the act of using, eating, or drinking something, or the amount that is used, etc.: fuel/energy, etc. consumption Water transport costs less than road transport, cuts congestion, and reduces energy consumption.increase/reduce the consumption of sth a program designed to increase the consumption of fruit and vegetables by low-income families As a nation, our consumption of junk food is horrifying.
the process of buying and using goods, or the amount that is bought and used: domestic/home consumption Most of our products are made for domestic consumption rather than export. Increased household wealth is associated with higher personal consumption. → See also capital consumption, conspicuous consumption, final consumption
(Definition of consumption from the Cambridge Business English Dictionary © Cambridge University Press)
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